Mike Barajas - Jun 13, 2024 Form 4 Insider Report for Via Renewables, Inc. (VIA)

Role
Chief Financial Officer
Signature
/s/ Mike Barajas, by Barbara Clay, attorney-in-fact
Stock symbol
VIA
Transactions as of
Jun 13, 2024
Transactions value $
-$254,848
Form type
4
Date filed
6/17/2024, 05:20 PM
Previous filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIA Class A Common Stock Disposed to Issuer -$96.3K -8.75K -100% $11.00 0 Jun 13, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VIA Restricted Stock Unit Disposed to Issuer -$159K -14.4K -100% $11.00 0 Jun 13, 2024 Class A Common Stock 14.4K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of December 29, 2023 (the "Merger Agreement"), by and among the Company, Retailco, LLC, a Texas limited liability company, and NuRetailco LLC, a Delaware limited liability company and wholly-owned subsidiary of Parent, all of the reporting person's Class A Common Stock was acquired for $11.00 per share.
F2 Each Restricted Stock Unit represents a right to receive, upon vesting, one share of Class A Common Stock, cash, or a combination of both. Each Restricted Stock Unit includes tandem dividend equivalents which will vest upon the same schedule as the underlying Restricted Stock Units.
F3 Pursuant to the Merger Agreement, all of the reporting person's Restricted Stock Units were cancelled, extinguished and converted into $11.00 per Restricted Stock Unit.
F4 These Restricted Stock Units vest ratably over four years in May of each year starting in the year following the grant.